Philadelphia Trust Co. Has $18.07 Million Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Philadelphia Trust Co. lowered its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 4.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 63,222 shares of the industrial products company’s stock after selling 3,046 shares during the quarter. Rockwell Automation makes up approximately 1.3% of Philadelphia Trust Co.’s holdings, making the stock its 20th biggest holding. Philadelphia Trust Co. owned about 0.06% of Rockwell Automation worth $18,068,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ROK. Rockefeller Capital Management L.P. increased its stake in shares of Rockwell Automation by 61.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 54,592 shares of the industrial products company’s stock valued at $15,603,000 after acquiring an additional 20,751 shares during the last quarter. Sterling Capital Management LLC lifted its stake in Rockwell Automation by 964.4% in the 4th quarter. Sterling Capital Management LLC now owns 199,952 shares of the industrial products company’s stock valued at $57,144,000 after acquiring an additional 181,166 shares in the last quarter. Heritage Trust Co bought a new position in Rockwell Automation in the fourth quarter valued at $952,000. Treasurer of the State of North Carolina increased its position in shares of Rockwell Automation by 0.5% in the fourth quarter. Treasurer of the State of North Carolina now owns 51,744 shares of the industrial products company’s stock valued at $14,788,000 after acquiring an additional 240 shares during the last quarter. Finally, Scotia Capital Inc. boosted its holdings in shares of Rockwell Automation by 7.2% in the 4th quarter. Scotia Capital Inc. now owns 23,106 shares of the industrial products company’s stock valued at $6,604,000 after buying an additional 1,542 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Rockwell Automation Price Performance

Shares of ROK opened at $229.01 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.72. The business’s fifty day moving average is $268.12 and its 200 day moving average is $276.64. The stock has a market cap of $25.89 billion, a P/E ratio of 28.52, a P/E/G ratio of 3.53 and a beta of 1.39. Rockwell Automation, Inc. has a 12-month low of $215.00 and a 12-month high of $308.70.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Monday, February 10th. The industrial products company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.22. Rockwell Automation had a return on equity of 30.17% and a net margin of 11.38%. Sell-side analysts anticipate that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be paid a dividend of $1.31 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $5.24 annualized dividend and a dividend yield of 2.29%. Rockwell Automation’s payout ratio is 65.26%.

Insider Buying and Selling

In other Rockwell Automation news, VP Isaac Woods sold 876 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $284.03, for a total value of $248,810.28. Following the completion of the transaction, the vice president now owns 1,057 shares of the company’s stock, valued at $300,219.71. The trade was a 45.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Matheus De A. G. Viera Bulho sold 293 shares of Rockwell Automation stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $257.68, for a total value of $75,500.24. Following the sale, the senior vice president now directly owns 1,922 shares of the company’s stock, valued at approximately $495,260.96. This trade represents a 13.23 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,750 shares of company stock valued at $1,075,923. Company insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ROK shares. Wells Fargo & Company increased their price objective on shares of Rockwell Automation from $315.00 to $337.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Loop Capital upped their price objective on shares of Rockwell Automation from $260.00 to $280.00 and gave the stock a “hold” rating in a research report on Tuesday, February 25th. BNP Paribas raised Rockwell Automation from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. JPMorgan Chase & Co. cut their price objective on Rockwell Automation from $248.00 to $201.00 and set an “underweight” rating on the stock in a report on Tuesday. Finally, KeyCorp decreased their price target on shares of Rockwell Automation from $345.00 to $275.00 and set an “overweight” rating for the company in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $300.63.

Rockwell Automation Profile

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.